New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-22
CLOSING PRICES OF rH1LA1sE,arA srooka
TUESDAY. J une 21-r. =.

TUESDAY, une 21-P. r.
The stock market opened tame this morning. being In
fuenced by the probability that the Fidelity Bank a
Cincinnati to-day would be compelled to surrender to the
open its doors for business and the fact known ~
the Stock Exchange before IL O'Clock We said last
evening: There is . good deal Of talk and Boosting
that the short interest closed up last weeks
small decline but fail to discover any evidence that
such . covering was general" To-day the short"
sellers Of last March again appeared the special ham
% tho market and naturally made New York aud
New-England and ST. Paul their points
Of departure NewYork and New-England they
sold down to 55 and closed at Sc, against 56 last
evening St Paul they marked down to 9oia with .
demonstration which sufficiently camosSus to create
the impression Of panic In tho mind Of an observer
from tho gallery The stock, however closed at 9la
against % last evening And The yachting party which
daily issues bulletins OF opinions the course Of the
stock market, through the ssences OF pretended Wall
Street news bureaus probably short more stocks
tonight thap they last evening. II being holiday
in London today, the "bsars started out with the idea
that would DO their jubilee dag that the absence Of
London support would permit them to make their own
prices In this they have erred as they have erred dur
ing last four months Tho home absorption, because
Of improved commercial aud mercantile Affairs ana be-
Of large railway earnings far beyond the amount
Of European buying and solid factor In the market,
which bears" will appreciate better when they at
tempt to cover their shorts at 4a3 per cent higher
figures. Comparative dulness reisns In the Stock Ex-
change markets. and that under ordinary rules should be
a bear" argument, but now II 10 not The governors
OF ia. stock Exchange for year have bothered
their heads with the question OF how they could hurt the
rival Consolidated socK aud Petroleum rather than with
the question OF how to help themselves The admission OF
dealing In unlted securires the Stock Exchange was
intended as retaliation for the Consolidated Exchange
starting deal 10 regular railroad securities aud It haa
proved to We double reaction boomerang for the
Stock Exchange while IL has done the Consolidated Board
harm The losses made by clients OF the Stock Ex-
change from their purchases OF Boston. Hartford, Erie
Knowltonsto say nothing Of losses accrued certain
mining stocks which the Consolidated Board refused
quotations have done the stock Exchange snOstirro
parable damage The citizen cannot be taught
the difference between tile listed" and unlisted"
security. Within twenty four hours . prominent mem.
Der OF the Stock Exchange told Us that
the question OF commissions had nothing 10 do
with the duluess the Stock Exchange Now for facts
Todays business in regularly listed stocks at the Stock
Exchange amounted to 1858; at the Consolidated
Board the business In the same stocks was shares
The dealings in few OF the leading stocks at the Stock
Exchange and the Consolidated Exchange were respect.
ively as follows: Philadelphia and Reading, 7l,20o
shares the stock Exchange, 900 at the Consols
dated Exchange St Paul. 1900 against $500 shares;
Delaware, Lackawanna and Western, 9.l00, against
u 300; shares and Lake Shore, 200 against 1900
shares. Here -four Of the active stocks In which the
Consolidated Exchange lei the Stock Exchange IN tho
amount Sales and yet the "bnd eadingthe blind say
questions OF commission has nothing to do with the
dulness in speculation Way back in 1853 and 1865 the
old Stock Exchange held the position till the then
Open Board Of Brokers'" captured all the business But
despite the efforts OF tho the Stock
Exchange discourage speculation the general market
daily gains In strength, because the commercial and
fnauca situations it, and to night closed very
strong.
Government bonds were dull and firm at unchanged
quotations as follows: